Metrostar Management Sells VLCC Newbuildings

Illustration; Image Courtesy: Tanker Investments

Greek shipowner Metrostar Management has reached an agreement with its compatriot Olympic Shipping and Management for the sale of two 308,000 dwt very large crude carriers (VLCCs), according to data provided by VesselsValue.

Under the deal reached between the parties, Olympic Shipping will pay a total of USD 162 million for the duo, representing a price of USD 81 million a piece.

The VLCCs in question are the Crude Med and Crude Progress which are currently under construction at the South Korean shipbuilder Hyundai Heavy Industries.

Featuring a length of 333 meteres and a width of 60 meters, the news ships are scheduled for delivery in April and June 2017.

With a capacity of 344,600 cbm, the ships will become a part of Olympic Shipping’s fleet of 17 tankers and 10 bulk carriers.

World Maritime News Staff

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